Strategic Insights into the Global Robotic Surgery Market 2016 – 2024

It is the highest precision type of surgery which excludes the chances of errors to occur and is least invasive. Robotic surgery helps the specialist to deal with the surgeries in the most effective way. Along with its increased efficiency, it has proved to recover wounds and cuts rapidly. The awareness of computer-aided surgeries has stirred the preference of people to opt for robotic surgery over the manual surgery by expertise specialists.

Due to the trending shift to automating the medical field, robotic surgery is in tremendous demand. With the development of technologies and demand for minimally invasive surgeries, the market of robotics surgery has flourished. The factor of the cost associated with the robotic surgeries has elevated the treatment charges thereby impacting on the developing regions or the region with low annual income. This is the one major factor that has a very high impact on the market of robotic surgery. Quick recovery and least painful treatment is now the preference of modern world. Likewise, the ease of performing the surgery from the surgeon point of view is boosting the market of robotic surgery. Hence, attracting the attention of the companies and providing a scope for this market of surgery.

Global Robotic Surgery Market: Segmentation

The market of robotic surgery can be segmented into various types based upon the applications. It can be used for general Surgery, Interventional Cardiology, Neurology, Gynecology, Urology, Endocrinology, Orthopedics, Ophthalmology, Hepatology (especially for Gallbladder removal) and many others. The accelerated use of robotics is witnessed mostly in the bypass surgeries which include a lot of precision and complications followed by a segment of Gynaecology. It can also be categorized based on its end user which may be hospitals, Ambulatory Surgical centers, etc. It can further be classified into three types of systems which are commonly used by the surgeons. It can be Supervisory Controlled Systems, Tele Surgical Systems or Shared Control Systems. Supervisory Controlled systems are the most automated but cannot be operated in absence of human intervention whereas Tele Surgical System is commonly known as Remote Surgery in which the surgeon manipulates the robotic arm during the surgery. In Shared Control Systems, the robot monitors the surgeon’s activity and provides the stability and support. It is mostly used for Neurosurgery and orthopedic surgery.

North America leads the market due to maximum hospital investments and governmental support. Spain is anticipated to have the fastest growing and is anticipated to strengthen the market position of European region during the forecast period. This is due to an evident increase in chronically ill patients. With the surge in a number of cases of chronic diseases, the need of robotics for complicated surgeries has increased to a greater extent. The Asia Pacific and Latin America are projected to witness higher growth rate in the subsequent years due to an increase in per capita income of the population in these regions and also as a result of their preference of having postoperative minimal scars and fast recovery. The Middle East and Africa are yet to contemplate the market growth in ensuing years.

Global Robotic Surgery Market: Competitive Players

With an immense growth of the market of Robotic Surgery, many companies are escalating the business in this segment. Some of the key contributors are Intuitive Surgical, Inc., Smith and Nephew, Plc., Accuray Incorporated, Mazor Robotics, Stryker Corporation, Hocoma AG, Hansen Medical Incorporation, EKSO Bionics Holdings, Inc., Synaptive Medical, TransEntrix, Inc., among others.